Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.

Wednesday, March 15, 2017

China Determined to Outdo the West

China Home Sales Surge 23%

in First Two Months,

Defying Curbs

So called "Ghost City" awaiting people.

China home sales remained resilient in the first two months of the
year, signaling policy makers are struggling to check the booming
housing market.
The value of new homes sold rose 23 percent to 912
billion yuan ($132 billion) in January and February compared to the
first two months of 2016, according to National Bureau of Statistics
data released Tuesday. Sales rose 17 percent in December, the last time
the data was released.
The surge comes after top policy makers
used this month’s National People’s Congress to reiterate a pledge to
curb property speculation, and some local governments expanded
home-buying restrictions.
New banking regulator Guo Shuqing has said
he will pay close attention to real estate bubbles, after 45 percent of
new loans in China last year went to the property sector, with most
going to personal mortgages.

I'm loving the cognitive dissonance from the tax return. They wanted it soooo bad because it would prove Trump was nefarious. When the content proved benign they claim that shows exactly how nefarious worse than they thought!